Texmaco Rail, RVNL: Railway stocks in focus today; here is why

Texmaco Rail share price: The venture will manufacture freight and passenger rolling stock — including wagons, locomotives, coaches, trainsets and metro coaches — and also take up EPC projects, depot operations and global tenders, a statement said. Texmaco Rail share price: Shares of rolling stock maker Texmaco Rail & Engineering Ltd. and Rail Vikas Nigam Ltd. (RVNL) will be in focus on Thursday, August 28, as the companies said on Wednesday that they have formed a joint venture to strengthen India’s railway modernisation and export competitiveness. The venture will manufacture freight and passenger rolling stock — including wagons, locomotives, coaches, trainsets and metro coaches — and also take up EPC projects, depot operations and global tenders, a statement said. Texmaco, part of the Adventz Group, will hold a 49% stake, while Navratna PSU RVNL will remain the majority shareholder. The transaction is expected to close by December 2025, subject to approvals. The JV will explore automation, artificial intelligence and green technologies to deliver advanced and cost-effective solutions, the companies said. Adventz Group chairman Saroj Kumar Poddar said the JV will expand India’s capacity to deliver world-class rail infrastructure. “It will open doors for innovation, exports and digital technologies, making Indian railways globally competitive while supporting the country’s self-reliance journey,” he said. Texmaco MD Sudipta Mukherjee said, “We will deliver next-generation freight, passenger and metro systems that advance Atmanirbhar Bharat and put India on the global rail map.” RVNL chairman and managing director Pradeep Gaur said the collaboration supports the government’s Make in India and green mobility push. Texmaco, headquartered in Kolkata, runs seven manufacturing units across West Bengal, Gujarat and Chhattisgarh. It supplies freight cars to Indian Railways, private clients and overseas buyers, and has joint ventures with global firms such as Wabtec and Touax. Texmaco Q1 FY26 Results Texmaco Rail & Engineering Ltd reported a 50.5% year-on-year drop in consolidated net profit to ₹29 crore for the June quarter (Q1 FY26), impacted by a short supply of wagon wheelsets from the Railways. Revenue from operations declined 16.3% to ₹911 crore from ₹1,088 crore logged in the year-ago period, putting margins under pressure. EBITDA fell 36% to ₹79 crore from ₹123 crore, while EBITDA margin contracted 267 basis points (bps) to 8.7%, it said. RVNL Q1 FY26 Results Rail Vikas Nigam Ltd (RVNL) reported a 39.99% year-on-year (YoY) decline in its consolidated net profit after tax (PAT) to ₹134.36 crore for the quarter ended June 30, 2025 (Q1 FY26), compared to ₹223.92 crore logged in the same period last year. Revenue from operations came in at ₹3,908.77 crore, down 4.05% YoY from ₹4,073.80 crore registered in Q1 FY24. Total income also fell 4.61% YoY to ₹4,136.96 crore from Rs 4,336.75 crore in the corresponding quarter last year, indicating a softer topline performance. (With inputs from PTI)